NVIDIA Corporation $NVDA Shares Acquired by Aviva PLC

Aviva PLC raised its holdings in shares of NVIDIA Corporation (NASDAQ:NVDA) by 4.8% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 19,911,917 shares of the computer hardware maker’s stock after buying an additional 917,918 shares during the period. NVIDIA comprises approximately 6.5% of Aviva PLC’s investment portfolio, making the stock its biggest position. Aviva PLC owned approximately 0.08% of NVIDIA worth $3,145,884,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. Harbor Asset Planning Inc. purchased a new stake in shares of NVIDIA during the second quarter valued at $28,000. Spurstone Advisory Services LLC acquired a new stake in NVIDIA during the 2nd quarter worth about $40,000. Kathleen S. Wright Associates Inc. raised its holdings in NVIDIA by 169.3% during the 1st quarter. Kathleen S. Wright Associates Inc. now owns 404 shares of the computer hardware maker’s stock worth $44,000 after buying an additional 254 shares during the period. Legend Financial Advisors Inc. purchased a new stake in NVIDIA during the second quarter valued at about $55,000. Finally, Campbell Capital Management Inc. boosted its holdings in shares of NVIDIA by 5,900.0% in the first quarter. Campbell Capital Management Inc. now owns 600 shares of the computer hardware maker’s stock worth $65,000 after buying an additional 590 shares during the period. Institutional investors own 65.27% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Bank of America boosted their price target on shares of NVIDIA from $235.00 to $275.00 and gave the company a “buy” rating in a report on Wednesday, October 29th. Daiwa Capital Markets boosted their target price on shares of NVIDIA from $165.00 to $205.00 and gave the company an “outperform” rating in a research note on Wednesday, September 17th. BNP Paribas Exane increased their target price on NVIDIA from $240.00 to $250.00 and gave the company an “outperform” rating in a report on Tuesday, November 18th. Robert W. Baird set a $275.00 price target on NVIDIA and gave the company an “outperform” rating in a report on Thursday, November 20th. Finally, Loop Capital upped their price target on NVIDIA from $250.00 to $350.00 and gave the company a “buy” rating in a research report on Monday, November 3rd. Five equities research analysts have rated the stock with a Strong Buy rating, forty-six have assigned a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, NVIDIA currently has an average rating of “Buy” and a consensus target price of $258.65.

Insider Buying and Selling

In other NVIDIA news, Director Harvey C. Jones sold 250,000 shares of NVIDIA stock in a transaction that occurred on Thursday, September 18th. The stock was sold at an average price of $176.21, for a total value of $44,052,500.00. Following the transaction, the director directly owned 7,183,280 shares of the company’s stock, valued at $1,265,765,768.80. The trade was a 3.36% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Mark A. Stevens sold 350,000 shares of the company’s stock in a transaction that occurred on Friday, September 19th. The stock was sold at an average price of $176.39, for a total value of $61,736,500.00. Following the transaction, the director owned 7,399,803 shares of the company’s stock, valued at approximately $1,305,251,251.17. This trade represents a 4.52% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 2,949,931 shares of company stock worth $531,605,955 in the last quarter. 4.17% of the stock is currently owned by company insiders.

NVIDIA Price Performance

Shares of NVDA opened at $183.38 on Friday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 3.71 and a current ratio of 4.47. The firm has a market cap of $4.46 trillion, a PE ratio of 45.50, a PEG ratio of 0.88 and a beta of 2.29. The firm’s 50 day moving average price is $187.05 and its 200 day moving average price is $171.50. NVIDIA Corporation has a twelve month low of $86.62 and a twelve month high of $212.19.

NVIDIA (NASDAQ:NVDA) last posted its earnings results on Wednesday, November 19th. The computer hardware maker reported $1.30 EPS for the quarter, topping the consensus estimate of $1.23 by $0.07. The company had revenue of $57.01 billion during the quarter, compared to the consensus estimate of $54.66 billion. NVIDIA had a net margin of 53.01% and a return on equity of 99.24%. The company’s revenue for the quarter was up 62.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.81 earnings per share. As a group, research analysts expect that NVIDIA Corporation will post 2.77 EPS for the current fiscal year.

NVIDIA Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 26th. Investors of record on Thursday, December 4th will be paid a $0.01 dividend. The ex-dividend date is Thursday, December 4th. This represents a $0.04 dividend on an annualized basis and a yield of 0.0%. NVIDIA’s dividend payout ratio (DPR) is presently 0.99%.

NVIDIA Profile

NVIDIA Corporation provides graphics and compute and networking solutions in the United States, Taiwan, China, Hong Kong, and internationally. The Graphics segment offers GeForce GPUs for gaming and PCs, the GeForce NOW game streaming service and related infrastructure, and solutions for gaming platforms; Quadro/NVIDIA RTX GPUs for enterprise workstation graphics; virtual GPU or vGPU software for cloud-based visual and virtual computing; automotive platforms for infotainment systems; and Omniverse software for building and operating metaverse and 3D internet applications.